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National Monitoring Committees on NTBs
With Kigali International Arbitration Center, PSF provides efficient dispute resolution
Posted on : 23 - Jul - 2012 - Viewed : 54 times

The Kigali International Arbitration Center (KIAC) was officially opened on May 31 at a colorful function held at the Kigali Serena Hotel, with Prime Minister Pierre Damien Habumuremyi as the guest of honor, and many other top officials in attendance including Justice Minister Tharcisse Karugarama.

According to Prime Minister, KIAC’s introduction marks a major milestone in creating a world-class mechanism to enforce contracts and other commercial obligations ; this will greatly improve investor confidence. “The Government is committed to making available more tools (such as KIAC) to enable the private sector to improve its service delivery to the public”.
KIAC was created in February 2011 at the initiative of the Private Sector Federation in partnership with the government with the aim of strengthening the capacity of economic operators in Rwanda to resolve disputes among them without the need to go to courts. It is now fully established under Law No 51/2010 of 10/01/2010.\

The launch of KIAC comes at a time when amicable ways of commercial dispute resolution are being preferred to litigation in courts, because they have better results in terms of delivery time, output and preserving business relationships.
PSF particularly considers it a good development considering that there’s an increased demand for commercial arbitration that needs to be addressed professionally.

According to the body’s Secretary General Bernadette Uwicyeza, KIAC’s vision is to be the regional choice for commercial dispute resolution. “Our mission will be to promote arbitration as an efficient, friendly and private justice acknowledged by the business community,”she said.

Arbitration remains by far the cheapest method of resolving disputes and the Rwanda business community should be glad that we have that option now with the launch of KIAC.

"KIAC is a tribute to what we can do as a nation when there is a will to reform our business environment and it further emphasizes the close relationship between the business community and the Government. With KIAC and many other achievements, this is what we mean when we talk about applying home grown solutions to develop". Said Faustin Mbundu/Chairman PSF.


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